📘 Sale of Land Amendment Act 2016
038 of 2016Assented 22 November 2016
The Sale of Land Amendment Act 2016 amends the Sale of Land Act 1970 to regulate future lot contracts, increase penalties for certain offences, and introduce new requirements for vendors and deposit holders.
Impact
This act affects vendors and purchasers involved in future lot contracts, real estate agents, settlement agents, and deposit holders. It introduces stricter requirements for contracts and handling of deposits, with increased penalties for non-compliance.
Sectors
constructionfinancehousingplanning
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